Realm

<ul class="list-ic vertical">
 <li><span>1</span> <a>FTX, a bankruptcy cryptocurrency exchange is again in highlights and is connected with a deceptive withdrawal email.&nbsp;</a></li>
 <li><span>2</span> <a>The scam took place just after FTX creditors received an order on customer property disputes.&nbsp;</a></li>
</ul>
<p>FTX Exchange and its CEO Sam-Bankman Fried are highlighted again. This time, the case was related to the deceptive emails received by the FTX clients. FTX users have reported receiving deceptive emails sent by FTX Trading, FTX EU, and West Realm Shires Services. Surprisingly, the incident took place just after the attainment of the milestone by FTX.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-what-s-in-the-email-strong"><strong>What’s in the Email?&nbsp;</strong></h2>
<p><a href="https://www.thecoinrepublic.com/2023/10/17/ftx-bankruptcy-case-customers-to-get-9b-claim-payout-by-2024/" rel="noopener noreferrer nofollow">FTX</a> Exchange, once the third largest centralized <a href="https://www.thecoinrepublic.com/2023/10/19/cryptocurrency-landscape-shakeup-vc-spectra-maker-and-lido-dao-lead-the-pack/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange, declared bankruptcy on 11 November 2022. The exchange was accused of bilking and frauding investors out of billions of dollars. Result of this, FTX was declared bankrupt and its CEO, Sam-Bankman Fried was imprisoned.&nbsp;</p>
<p>Recently, the Delaware-based US bankruptcy court ordered FTX to return the customer’s assets, and is expected to be credited to the customer’s account by mid-2024. FTX.com and FTX.US will collectively receive 90% of the total digital assets available for distribution. The happiness of the customer wouldn’t last long, a deceptive email spoiled all the happiness.</p>
<p>FTX users reported being targeted in a withdrawal scam using email. Advocate Sunil, X user, and FTX creditor cautioned the FTX account holder for the phishing scam and requested not to click the attached links.&nbsp;&nbsp;</p>
<p>FTX users started receiving emails sent by FTX Trading, FTX EU, and West Realm Shires Services. The deceptive email includes offering FTX creators an exclusive chance for immediate asset withdrawals, bypassing legal proceedings and waiting periods. The clients are tried to trap into a scam by playing with their emotions.&nbsp;</p>
<p>The email states the client’s priority for FTX and offers the clients an opportunity to directly deposit the assets into the wallet, eliminating the waiting period. The email mainly targets the users who are eligible for the achieved milestone and are expected to receive the majority of their assets in mid-2024. Also, the target is assumed to occur in ongoing legal disputes involving FTX’s CEO.&nbsp;&nbsp;&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-who-is-behind-the-withdrawal-scam-strong"><strong>Who is Behind the Withdrawal Scam?&nbsp;</strong></h2>
<p>The occurrence of the event just after FTX creditors achieved a notable milestone by declaring the resolution of customer property disputes, tells the whole story. The scammer is well aware of the FTX case and updated with the news regarding the return of the customer’s digital assets. However, the person behind the scam was not identified yet.</p>
<p>The case was pending for a long time and the revised plan envisions major relief for the FTX’s global customers who invested huge amounts in the exchange. According to the news and reports, the FTX customers will receive around 90% of the distributable value.&nbsp;&nbsp;&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4>
<p>FTX Exchange is again in the news because of a scam that took place on October 20. FTX users received emails from FTX Trading, FTX EU, and West Realm Shires Services. The email represents FTX users as their priority and offers them a shortcut way to get their assets directly into the wallet without waiting. Advocate Sunil requested users not to click the links.</p>

FTX Clients in Big Trouble Again, Received Deceptive Emails

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Thecoinrepublic.com

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